Ann: Appendix 4D & Half Year Financial Statements, page-15

Now I hope things turn around as I’ll be eating baked beans in my retirement if it doesn’t but before we get too excited I think there are two key things that stand out.
1. SOL are providing the short term funding for a kings ransom and the ability to pull it by 22SEP if other funding not arranged or a viable path to that in place. 22SEP!!! That’s two weeks!! If not they pull the facility and we are back to where we started. As a major creditor they’ll most likely get first dibs on the fire sale of assets so they are protected anyway you look at it.
2. This continue don’t garbage about recognising invoices as reveue. Yes, I get that you are not going to get paid upfront blah blah blah. But seems we always have $100m sitting on the books that is never conveyed into cash. If all of their efforts aren’t geared towards get 40-50mil this half year the rest won’t matter.

Despite the above it’s at least good to see their was no mention of the potential risk adjusted sales pipeline of 600 billion gazillion dollars that we could maybe potentially possibly get a slice of.

Mych mote reaistic guidance that forward sales estimates are not going to recover until 2023-24.

I guess that’s enough for now. I have to go find another disaster to ‘invest’ in. PNV???